13 Best Online Mortgage Lenders of 2022

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The pandemic changed a lot in our world, including an enhanced reliance on technology that extended into the housing market.

Though buying a mortgage online wasn’t unheard of before the pandemic, now, it’s almost mainstream.

Online mortgages carry multiple benefits. Aside from applying from your couch in just your underwear, you may enjoy:

  • Faster preapproval and closing times
  • Simplified comparisons
  • Better rates than comparable brick-and-mortar lenders

But online mortgages aren’t perfect. For instance, if you need a personal touch due to unusual circumstances, you’ll need access to a live loan officer.

And if the bulk of your income comes from gig or freelance work, online mortgage lenders may reject your application. That said, many online mortgage lenders offer a hybrid online-in person (or over the phone) experience to serve a wider range of clientele.

So, even if you’re not a perfect candidate, you may find an online lender that suits your needs just fine. And with that out of the way, let’s dive in!

Top Online Mortgage Lenders 

  • RECOMMENDED
  • BEST FOR
  • MIN. CREDIT SCORE

Best Online Mortgage Lenders

Best Overall Online Mortgage Lender
Better.com Online Mortgage Lender
APPLY NOW
On Better's Secure Website
Rates & Fees
Better.com
  • NMLS#
    330511
  • Min. Credit Score
    620
  • Learn More
  • Mortgage Details

Pros:

  • Preapproval in just 20 minutes
  • “Underwriter approved” preapproval letters available
  • Considers alternative credit data
  • Commission and lender fee-free
  • Bridge loan program available

Cons:

  • Doesn’t offer most government-backed loans
  • No brick-and-mortar locations
  • No land or foreclosure purchase loans
  • Not available in every state

What we like:

Better.com is an online-only lender licensed in 46 states. The website claims that you can receive preapproval in “as little as 3 minutes,” though 20 minutes is more realistic. While the lender only services a handful of loans, it also accepts borrowers with unusual situations, such as those who are self-employed, bring in rental or restricted stock income, or have student loan debt.

Upon applying, every borrower is assigned a loan officer to walk them through the process. And when it comes to financing, Better.com charges no origination, commission, underwriting, or application fees. The company also offers discounts and competitor matching with the Better Real Estate program and Better Price Guarantee.

Plus, borrowers can lock their rates on demand!

Read Full Review

Best Online Mortgage Lender for Fast Funding
Rocket Mortgage by Quicken Loans
APPLY NOW
On Rocket Mortgage's Secure Website
Rates & Fees
Rocket Mortgage by Quicken Loans
  • NMLS#
    3030
  • Min. Credit Score
    620
  • Learn More
  • Mortgage Details

Pros:

  • Caters to self-service users
  • Considers alternative credit data
  • Competitive rates
  • Offers document and asset retrieval
  • Lock interest rate for 90 days
  • YourGAGE program offers fixed-rate mortgages with 8- to 29-year terms

Cons:

  • Longer than average closing time
  • No home equity loans or HELOCs (second mortgage loans)
  • No brick-and-mortar locations
  • Customized interest rates require a hard credit check
  • No land or foreclosure purchase loans

What we like:

Rocket Mortgage is the digital site for Quicken Loans, the largest mortgage lender in the United States.

Licensed in all 50 states, Rocket Mortgage helps homebuyers move through the online mortgage process from preapproval to e-closing.

You can be preapproved in just ten minutes when you apply online and permit Rocket Mortgage’s asset retrieval system to pull your financial, employment, and credit history.

Note that self-employed borrowers may need to provide additional documents. The Quicken Loans underwriting system will then examine your application and provide a preapproval letter.

Once you’re approved, you can lock your interest rate for 90 days. And when you’re ready to move forward, Rocket Mortgage helps you manage tasks such as submitting and e-signing documents and scheduling a closing date.

Read Full Review

Best for Availability
LoanDepot Online Mortgage
APPLY NOW
On LoanDepot's Secure Website
Rates & Fees
LoanDepot
  • NMLS#
    174457
  • Min. Credit Score
    620
  • Learn More
  • Mortgage Details

Pros:

  • Get preapproved in minutes
  • Extended customer service hours
  • Over 200 branch locations
  • Cut closing time with mello smartloan software
  • Offers home equity loans

Cons:

  • Advertised mortgage rates sit higher than the national average
  • High origination fees
  • No USDA loans or HELOCs
  • Credit score requirements vary widely
  • Must contact a loan officer for mortgage rates

What we like:

loanDepot is another online lender licensed in all 50 states. As one of the largest non-bank mortgage providers, loanDepot specializes in refinancing, purchase, and renovation loans.

The lender operates over 200 branches in addition to its online portal. To get started – or see accurate quotes – you can contact a loan officer or apply online.

loanDepot claims that their mello smartloan software can reduce the closing time up to 17 days.

This in-house proprietary tool helps them verify your information, aid the appraisal process, and conduct your title clearance. Plus, you can upload, download, and e-sign documents.

loanDepot also offers a “Lifetime Guarantee” if you refinance the same home you buy with their mortgage services.

Qualifying applications will pay no lenders fees and receive reimbursed appraisal costs if you refinance more than 12 months after your mortgage closes.

Read Full Review

Best for Customer Service
Guild Online Mortgage
APPLY NOW
On Guild Mortgage's Secure Website
Rates & Fees
Guild Mortgage
  • NMLS#
    3274
  • Min. Credit Score
    620
  • Learn More
  • Mortgage Details

Pros:

  • Lower minimum credit score
  • 17-day closing guarantee or receive $500 toward closing costs
  • Available in 48 states
  • Offers a wide variety of loans
  • E-closing available

Cons:

  • Limited customer support
  • Longer preapproval time than some online lenders
  • No second mortgage, land, or foreclosure purchase loans
  • No commercial loans
  • Does not disclose current rates on website

What we like:

Guild Mortgage provides in-person mortgages in 31 states and online mortgages in 48. Unlike some online lenders, Guild processes, underwrites, and funds its loans in-house.

And aside from primary residences, borrowers can purchase manufactured, secondary, and investment homes.

Guild Mortgage requires a minimum credit score around 20 points below most lenders, lowering a crucial barrier to homeownership.

While borrowers report that its rates and fees (which aren’t posted online) aren’t overly competitive, online applications, asset retrieval, and e-closing can sweeten the pot.

The company also partners with 500 down payment aid programs and offers first-time homebuyer and affordable lending options.

For instance, with its “Lock and Shop” service, you can lock your interest rate for 90 days. And its Homebuyer Express 17-Day Closing Guarantee awards $500 toward closing costs if Guild Mortgage causes a delay.

Read Full Review

Best Online Mortgage Lender for VA Loans
NKBC Bank Online Mortgages
APPLY NOW
On NBKC Bank's Secure Website
Rates & Fees
NBKC Bank
  • NMLS#
    409631
  • Min. Credit Score
    620 - 660
  • Learn More
  • Mortgage Details

Pros:

  • Available in all 50 states
  • Accepts alternative credit data
  • Relatively low rates and fees
  • Receive customized estimates without handing over your contact information

Cons:

  • Some loans only available in Kansas City metro area
  • No renovation, jumbo, or USDA loans
  • Only four branch locations

What we like:

NBKC is an online mortgage lender for borrowers with solid credit who want low fees and a hybrid online-phone support experience.

The lender maintains four branches in Kansas City, Missouri, though it’s licensed to lend in all 50 states.

NBKC emphasizes its VA loans, which come with no mandatory lender fees, as well as its FHA, conventional, and refinance loans.

That said, its home equity and construction loans are only available to borrowers within the Kansas City metro area.

But regardless of location, users can enjoy a fully online application process, quick closings, and competitive interest rates.

Each applicant matches with a dedicated loan officer who shares their personal contact information for after-hours questions.

Plus, you can pause and return to your application before submission, after which you can upload documents, track your application, and e-sign entirely online.

And if you don’t close on time, NBKC’s “$5K Close-On-Time Guarantee” will pay you and the seller each $2,500!

Read Full Review

Best Online Mortgage Lender for Low Rates
Guaranteed Rate Online Mortgage
APPLY NOW
On Guaranteed Rate's Secure Website
Rates & Fees
Guaranteed Rate
  • NMLS#
    2611
  • Min. Credit Score
    580
  • Learn More
  • Mortgage Details

Pros:

  • Considers alternative credit data
  • Licensed in all 50 states
  • Competitive interest rates
  • No lender fees for VA borrowers
  • E-signing available in select states

Cons:

  • No second mortgage loans
  • Slower than average preapproval for online applications
  • Limited weekend customer service hours
  • Higher credit score limits for larger loans

What we like:

Guaranteed Rate is another hybrid lender that offers digital loans in 50 states and in-person loans from its 350 branches locations.

You can get started in person or over the phone – but it’s the mobile app that really shines, with real-time rate updates, comparison tools, and an anonymous estimate calculator. You can even research prospective neighborhoods right in the app!

Guaranteed Rates’ rates trend lower than the national average – even without discount points – and the lender reports just 0.5 complaints per 1,000 loans closed.

And while some loans carry fees, they also offer lower credit score requirements for first-time and bad credit borrowers.

Applying only takes about 15 minutes, and you can expect a preapproval letter in 48 hours. Once you’re underway, the lender’s FlashClose lets you electronically sign all documents in advance (depending on the state). Plus, your closing appointment can be completed in under 30 minutes.

Read Full Review

Best for Customer Service + Bad Credit
Movement Online Mortgages
APPLY NOW
On Movement Mortgage's Secure Website
Rates & Fees
Movement Mortgage
  • NMLS#
    39179
  • Min. Credit Score
    580
  • Learn More
  • Mortgage Details

Pros:

  • One of the fastest closing times on our list
  • Free customized estimates
  • E-signature available
  • Speaking to a loan officer can qualify you for lower fees

Cons:

  • Slightly higher than average interest rates
  • Some loans are brokered to other lenders
  • A+ rating with the Better Business Bureau

What we like:

Movement Mortgage serves all 50 states through its online portal and 650 branch locations. The lender offers an enormous range of mortgages, including reverse, construction, and rate-and-term refinancing. They also provide a full palette of government-backed and low credit score options.

Though you have to fill out a form and wait for the lender to contact you with a rate quote, Movement Mortgage offers a comprehensive online experience.

With their mobile app, you can manage your loan, send files, and e-sign your documents.

Another unique aspect of Movement Mortgage its “6-7-1” process. Under this policy, the company aims to verify and preapprove borrowers in 6 hours, approve loans in 7 days, and close 1 day later.

The lender claims that over 75% of loans are processed in under a week, making it an ideal choice if you’re in a hurry.

Read Full Review

Best for Manual Underwriting + Underserved Communities
New American Funding Online Mortgages
APPLY NOW
On New American Funding's Secure Website
Rates & Fees
New American Funding
  • NMLS#
    6606
  • Min. Credit Score
    620
  • Learn More
  • Mortgage Details

Pros:

  • Family-owned
  • Considers alternative credit data
  • Apply online with manual underwriting
  • Low down payment options available

Cons:

  • Must apply and agree to emails and phone calls for price and rate estimates
  • Offered rates are often higher than the government-reported median rate
  • Must call directly for jumbo or HELOC loans
  • Longer preapproval time

What we like:

New American Funding is a family-owned mortgage lender launched in 2003 that lends in 48 states and Washington, D.C.

They service a large menu of loans with terms ranging from 8 to 30 years, including government, reverse, and jumbo loans, as well as home equity line of credit (HELOC).

Though you’ll need to phone the lender or stop by one of their 200 branches for the latter two.

New American Funding also provides an online application process with manual underwriting to provide borrowers with special circumstances the attention they deserve.

The company prides itself on serving underserved communities, including Black and Hispanic buyers and families, those with nontraditional credit histories, and borrowers who require down payment assistance.

You can kickstart the application process in-person, online, or over the phone. There’s no added charge for locking your rate, and you can conduct your document uploads and signing process entirely online!

Read Full Review

Best Online Mortgage Lender for Conventional Loans
Caliber Home Loans Online
APPLY NOW
On Caliber Home Loans's Secure Website
Rates & Fees
Caliber Home Loans
  • NMLS#
    15622
  • Min. Credit Score
    580
  • Learn More
  • Mortgage Details

Pros:

  • Close in ten days
  • Streamlined application process
  • Extensive resources for military borrowers
  • 12-month rate locks available
  • Offers loan modification and specialty programs for eligible borrowers
  • Considers alternative credit data

Cons:

  • Mortgage rates aren’t displayed online
  • No reverse mortgages
  • Limited customer service hours
  • Charges a full range of lender fees

What we like:

Caliber Home Loans of Coppell, Texas boasts that its advanced technologies help it “take eligible borrowers from application to closing in record time -as little as 10 business days.”

While its average mortgage rates in 2020 fell at the high end of the spectrum, they do service a full range of credit scores and terms in all 50 states. Plus, it’s hard to beat a 12-month rate lock.

Typically, Caliber is best suited for applicants with straightforward needs. That said, they also lend to first-time homebuyers, veterans, poor-credit applicants, and new construction projects.

To apply, you can call or stop in at one of their hundreds of in-person branches. Alternatively, you can get started online (though you can’t rate shop without submitting some information).

And if you prefer a digital experience, their mobile app can take you from application to closing.

Read Full Review

Best for Online VA Loans
Veterans United Online Mortgages
APPLY NOW
On Veterans United's Secure Website
Rates & Fees
Veterans United
  • NMLS#
    1907
  • Min. Credit Score
    640
  • Learn More
  • Mortgage Details

Pros:

  • Customer service available 24/7 to serve global military members
  • Specializes in VA loans
  • Provides free credit counseling and Lighthouse Program to veterans and families
  • No down payment required for most VA loans

Cons:

  • Higher than average minimum credit score for VA loans
  • No reverse mortgages
  • Limited non-VA loan information available online
  • Non-VA loans offered through lending partners

What we like:

Veterans United is a leading lender for VA loans, which are available to veterans, active-duty and reservist service members, and eligible family.

Its online convenience, knowledgebase, and transparency make it a strong choice for military borrowers.

Veterans United believes that military service, which often presents unique financial and credit challenges, shouldn’t preclude you from buying a home.

To wit, its VA loans require no down payment, carry lower rates, and may provide perks like rolling efficiency-boosting improvements into your mortgage.

You can apply or get a rate quote by contacting Veterans United online or over the phone. Customer service is available 24/7 to serve military families around the globe regardless of the nature of your inquiry.

And though it only operates branches in 18 states, Veterans United serves all 50 states and Washington, D.C.

Read Full Review

Best Online Mortgage Lender for Low-Income Borrowers
Mr. Cooper Online Mortgages
APPLY NOW
On Mr. Cooper 's Secure Website
Rates & Fees
Mr. Cooper Online Mortgages
  • NMLS#
    2119
  • Min. Credit Score
    580
  • Learn More
  • Mortgage Details

Pros:

  • Fully digital with customizable terms
  • Lower than average credit score requirement
  • Licensed in all 50 states, Washington, D.C., and U.S. territories
  • Offers additional apps to help customers manage loans and financial wellbeing
  • Manual underwriting available for special circumstances

Cons:

  • Only basic loans available
  • Preapproval time ranges from minutes to days
  • No USDA or reverse mortgage loans
  • Rates slightly higher than national average
  • Charges underwriting, origination, and rate lock fees
  • Spotty history with the Consumer Financial Protection Bureau

What we like:

Mr. Cooper Mortgages, formerly Nationstar, is one of the largest non-bank mortgage lenders in the United States.

It offers the basics in every state and most U.S. territories, and its online tools provide a streamlined process and plenty of useful information.

For instance, with its Digital Loan Tracker, you can follow the loan process in real time from application to closing.

And with the Home Intelligence mobile app, you can manage your financial wellbeing, including gaining insights on home value, equity, and neighborhood trends.

Mr. Cooper offers several types of loans and programs, such as for low-income borrowers, investment opportunists, and home equity loans.

And with their “Close on Time Guarantee,” the lender will pay your first month’s mortgage if they cause a delay.

To get started or view a personalized rate quote, apply online and wait for a loan officer to contact you.

Read Full Review

Best Online Mortgage Lender for Government Loans
AmeriSave Online Mortgage Lender
APPLY NOW
On AmeriSave Mortgage 's Secure Website
Rates & Fees
AmeriSave
  • NMLS#
    1168
  • Min. Credit Score
    620
  • Learn More
  • Mortgage Details

Pros:

  • Low average mortgage rates
  • Mobile-friendly application process
  • Offers a range of government-backed loans
  • Range of terms available
  • Up to same-day preapproval

Cons:

  • Nonrefundable $500 application fee
  • Nearly 1,800 Better Business Bureau complaints over three years
  • No reverse mortgage, home improvement, or manufactured home loans
  • No first-time homebuyer programs

What we like:

AmeriSave is an online mortgage lender that claims to close “in days, not weeks.” Though they had one of the lowest average rates in 2020 on fixed-rate terms, the bulk of their business is dedicated to refinancing.

The lender provides borrower perks such as a “Knowledge Center” packed with FAQs, videos, calculators, and other educational resources for prospective homebuyers.

Moreover, they promise to match their competitors’ rate and closing costs or pay you $500 after closing with another lender if they can’t. However, they also charge a $500 application fee.

To get a rate quote, you’ll need to fill out a mobile-friendly application with some personal and financial data.

You’ll also need to consent to a soft credit check. If you decide to continue, you can use their online portal to upload information, track your application, and e-sign closing documents – though borrowers report handling the bulk of their mortgage over the phone.

Best for Online VA Loans
Freedom Online Mortgage
APPLY NOW
On Freedom Mortgage's Secure Website
Rates & Fees
Freedom Mortgage
  • NMLS#
    2767
  • Min. Credit Score
    620
  • Learn More
  • Mortgage Details

Pros:

  • Lower than average mortgage rates
  • In-person and online appointments
  • Eagle Eye program alerts you when rates drop
  • Minimum credit score as low as 540 for FHA loans
  • Licensed in all 50 states, Washington, D.C., and U.S. territories

Cons:

  • No rates displayed online or anonymous estimates
  • No reverse mortgage loans
  • Must speak with a loan officer before applying
  • Ran into regulatory action in 2016 and 2019 for violating lending and disclosure laws

What we like:

Freedom Mortgage is a hybrid online-over the phone lender that operates around 100 branch locations.

This full-service mortgage company is licensed in all 50 states and U.S. territories and was the third largest U.S. lender in 2020.

Freedom Mortgage purports to specialize in VA loans and work with borrowers who have financial issues or can’t front a large down payment.

They offer phone, email, and online appointments, as well as a digital application, loan tracking, and e-signatures.

To get a quote, you can start by filling out an online form or calling a loan officer. Once you sign up as a member, Freedom Mortgage will alert you to rate drops, so you can time the mortgage market.

And with their “Purchase Promise,” they’ll match a competing lender’s rate or give you $250 if they can’t.

Read Full Review

What is an Online Mortgage?

Online mortgages move the home loan process online, streamlining everything from application to closing into a digital medium.

Historically, online mortgages were primarily issued by online-only lenders, though increasingly, brick-and-mortar lenders have moved part or all their application online, too.

>> More: How to Apply for a Mortgage

How Does an Online Mortgage Work?

The online mortgage process varies based on the lender and state. Some online lenders conduct their business 100% online, while others require a mix of online, phone, and in-person appointments.

Typically, most online mortgages begin with you requesting a rate quote or applying and uploading documents via the lender’s portal.

With consent, many lenders can also contact the IRS, credit bureaus, employer(s), and even your bank to verify your details.

Assuming that everything checks out, you can move through the rest of the underwriting process digitally. Some borrowers never even take a phone call! Though don’t be surprised if you need to send an email or five.

Depending on the lender and state, you may even be able to e-sign your documents via online appointment.

Online Mortgages Lenders Pros and Cons

Pros:

  • Quick processing
  • May get a better rate
  • Many online lenders offer lower fees
  • Online loans typically close faster than in-person loans
  • Convenience – you don’t even need to put on pants!

Cons:

  • No personal touch
  • May be more difficult to get a response to urgent questions
  • Online-only systems (those with no manual underwriters) may reject applicants with unusual circumstances automatically
  • Some online lenders offer fewer options
  • Digital application and e-closing abilities may be constrained by local laws

How to Compare the Best Online Mortgage Lender

As with any other financial decision, weighing lenders against the competition is crucial to scoring the best deal. The right lender for you will depend on factors like:

  • Whether you can afford a down payment (and how much)
  • How your finances and credit affect closing costs
  • If you have a complex lending situation
  • Whether they offer (affordable) discount points
  • State and local laws
  • Lender availability in your desired location

To help you get started, we’ve broken down a few of the more important comparison metrics below.

#1. Various Mortgages Offered

Before you even consider putting in an application, you should know what types of mortgages each prospective lender offers.

Typically, mortgages fall under one of three categories:

Remember that not all online lenders offer all types of mortgages – always check first! If you need 100% financing, an extended term, government-backing, or other special considerations, you don’t want to find out a lender can’t work with you after they’ve checked your credit.

>> More: How to Choose the Best Mortgage

#2. Interest Rates

Mortgage rates vary between lenders, and it’s no different with online mortgages.

One of the best ways to secure a rate that works for you is by getting rate quotes from several lenders and comparing their estimates and interest rates side by side.

Some lenders also offer rate lock guarantees to “hold” your rate for a period of time after you’re preapproved.

#3. Closing Costs

Closing costs” is an umbrella term that accounts for most of the fees aside from the interest rate.

Most borrowers can expect to pay between 2-5% of the home’s purchase price in closing costs, including:

Keep in mind that these costs don’t just vary by lender, but also location and the current housing market.

And, depending on the lender, you may be able to roll some of these fees into your mortgage rather than paying more upfront.

#4. Online Mortgage Processing Time

Many online mortgages process faster than in-person mortgages – but not all of them. Pay attention to lender reviews and guarantees that mention their closing process.

How quickly do they preapprove applicants? Do they expedite the closing process for some or all mortgages? Will they compensate you for closing delays?

#5. Safe and Secure Technology

Mortgage applications require a lot of personal documentation that you don’t want to fall into the wrong hands.

Think W-2 forms (which contain your Social Security Number, among other details), pay stubs, bank statements, employer information…essentially, everything a hacker needs to shred your financial reputation overnight.

As such, choosing a lender that employs top-rate security protocols is a must.

#6. Customer Assistance and Lender Reviews

Your mortgage lender holds the future of your credit score – and your homeownership – in their hands.

If a lender has a public history of shoddy customer service, poor reviews, too many complaints with the BBB or CFPB, or questionable business tactics, it may be best to steer clear.

Moreover, look into their customer service record and availability and know before you apply what matters to you. Ask yourself questions like:

  • Are reps known for being friendly, knowledgeable, and quick to respond?
  • What kind of hours do they keep?
  • Can you contact them online, over the phone, in person, or all three?
  • Will you have access to a dedicated loan officer or a call center rep?

#7. Preapproval Capabilities

The mortgage preapproval process involves submitting a detailed outline of your finances and loan needs to a lender (without choosing a specific property).

In return, the lender outlines which mortgage(s) you qualify for, including an estimate of your potential loan’s size, term, and interest rate. While preapprovals aren’t guarantees, they do provide a useful comparison tool.

That said, it’s usually not a good idea to get preapproved until you’re serious about buying a house, as most lenders run a credit check that can drop your score.

But the three major credit bureaus also offer a short window – ranging from 14 to 45 days, depending on the bureau and type of credit – where multiple credit applications only count as a single inquiry.

So, if you’re ready to buy a house, do your research ahead of time, and then dedicate a few days to filling out forms and comparing loan offers.

Are Online Mortgages Safe?

Selecting an online mortgage lender is like picking any other type of creditor – there are safe and unsafe ways to proceed.

If you choose a lender renowned for their service, safety, and online security, you’re more or less as safe as if you chose an in-person lender that uses an online portal to enter your information or run your credit report.

But if you opt for a lender with a shady reputation or lax internet security, you might find out the hard way that you get what you pay for.

Online Mortgage vs. Traditional Mortgage

Online mortgages are similar to traditional mortgages on most fronts. While specifics vary by lender, you can usually access the same loans, rates, and terms as you would in person. (In fact, some online mortgages have better rates due to lower overhead.)

Lender choice aside, the real differences come up when it’s time to apply, submit your documents, and sign on the dotted line.

Online mortgages tend to be more streamlined and automated, though those without manual underwriting may reject applicants with unusual circumstances outright.

And while traditional mortgage lenders usually require a combination of in-person and phone appointments, some online lenders may conduct business 100% online.

However, not all states permit remote notarization or digital signatures on legal documents, so be sure to run through the specifics with your lender before you commit.

Summary of the Best Online Mortgage Lenders

Bottom Line: Best Online Mortgage Lenders

The best online mortgage lender is the one that serves your needs. If you have a well-paying job and a great credit score, then those with a high barrier to entry and few options won’t be a problem.

But if you earn less than the average for your area, struggle with a poor credit history, or otherwise require a personal touch, you may need to choose a lender that offers manual underwriting.

And since buying a home may be your single biggest financial decision, it pays to look closely at who you’re doing business with.

Methodology

To select the Best Online Mortgage Lenders, we reviewed 40+ lenders that offer online mortgage loans (FHA, VA, Conventional, Jumbo, and USDA). The scoring metrics included analyzing current online mortgage rates, credit score requirements, down payment requirements, industry reputation, customer support, origination fees, closing costs, closing times, and security. Mortgage analysts also used expert sources, including J.D. Power’s Mortgage Origination Satisfaction Survey, Department of Veteran Affairs, Home Mortgage Disclosure Act, Verified Google Reviews, and the Better Business Bureau. Read our editorial guidelines and mortgage loan rating methodology to learn more about our online mortgage lender review process’s integrity, transparency, and accuracy.

Jordan Blansit
Jordan Blansit

Jordan Blansit is a Senior Writer, Researcher, & Product Analyst for SimpleMoneyLyfe with an inexplicable predilection for mortgages, investing, and personal finance. When she’s not click-clacketing from the comfort of her living room, you can find her in the California Redwoods or Oregon Siskiyous. Jordan’s areas of expertise are mortgages, personal loans, credit cards, and investing.